Dubai Investments unit seals Riyadh Metro contract

Dubai Investments (DI), a leading, diversified investments conglomerate listed on the Dubai Financial Market, said one of its subsidiaries, Emirates Building Systems has been awarded a contract to provide steel structures for the second phase of the Riyadh Metro Project.

The metro contract is part of the Dh51 million ($13.8 million) projects won by Emirates Building Systems across Saudi Arabia and Oman, as demand for steel structures increases amidst infrastructure developments in the GCC countries.

The DI unit has also won a new contract for Petrofac in the Khazzan gas project in Oman. With the new projects, the company is expecting a strong performance this year, to build on its 2015 sales revenue of over Dh200 million ($54.4 million).

A part of Dubai Investments Industries and a regional pioneer in the design, fabrication and construction of steel structures and building solutions, the Emirates Building Systems has also announced a strong focus in Africa, particularly in Nigeria, Ghana, Ethiopia and Tanzania. More info